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Rusal chief legal officer, Igor Makarov, has been promoted to deputy chief executive officer for legal affairs at Basic Element, the holding company owned by Rusal chief executive Oleg Deripaska.
Makarov joined Rusal, the world’s leading aluminium producer, in March 2011 from Jones Day’s Moscow office. He previously led the corporate and M&A department at TNK-BP as well as working as Russia general counsel for BP and legal counsel for Conoco International Petroleum.
He will be succeeded by Peter Maximov, who has been appointed as general counsel. Maximov led the legal team at Novorossiysk Port Company before which he practised both in-house and in private practice with Milbank Tweed Hadley & McCloy, Debevoise & Plimpton and legacy Squire Sanders & Dempsey.
The move was motivated by Rusal’s majority shareholder, Oleg Deripaska, who decided to appoint Makarov to oversee the legal department of his main holding company, which owns assets in the energy, manufacturing, financial services, agriculture, construction and aviation sectors and is home to 250,000 employees.
Makarov was appointed to the new role in July and has taken over from several lawyers who previously oversaw Basic Element’s legal affairs. They have been appointed to other roles within the group. He will report to both Deripaska and the group chief executive Gulzhan Moldazhanova.
Maximov was appointed to the role in July and will also report to Deripaska.
Rusal has 41 lawyers in Moscow and more than 100 worldwide.
For more information on what life as a lawyer at Rusal, read on here.